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Episode 7: Inflation Is a Sin--Guido Hülsmann
It would not occur to most of us to imagine that monetary has a moral component. Catholic prelates are as silent about matters like fiat money, central banking and inflation and as are the secular ethicists. But the production of currency is not just a matter for the technocrats, and the Catholic tradition once had something to say on the topic. Economist Guido Hülsmann has combined the moral-economic analysis of the scholastics, particularly the 14th-century bishop Nicholas Oresme (who wrote that debauching the currency is worse than either usury or prostitution), with the insights of the…
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